Difference between revisions of "Refunds"
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| − | Refunds received are the return of excess payments to the | + | '''Refunds''' received are the return of excess payments to the [[government]]. Refunds paid by the government are recorded as [[obligation]]s and [[outlay]]s, or reductions of receipts. |
[[category:economics]] | [[category:economics]] | ||
Revision as of 02:29, August 22, 2007
Refunds received are the return of excess payments to the government. Refunds paid by the government are recorded as obligations and outlays, or reductions of receipts.